And let the death spiral begin

96 Conyers Farm, 13,660 square feet, 15 acres, is on the market today at $12.5 million. Owner paid $13.750 for it when it was new in 2005 and dumped in quite a bit more. Looking up what he sold his razor company for a few years ago and his share of the proceeds, there’s no need to lose sleep over his ability to take a hit here. My best guess is that he’ll end up shaving that price to the mid-eights, or lower, before finding a buyer, but we’ll see.